Masraf al Rayan
Masraf Al Rayan, a prominent financial institution headquartered in Qatar, has established itself as a leader in the Islamic banking sector since its inception in 2006. With a strong presence in the Middle East and North Africa, the bank focuses on providing Sharia-compliant banking solutions tailored to meet the diverse needs of its clients. The bank offers a range of core products and services, including retail banking, corporate banking, and investment services, all designed to uphold Islamic finance principles. Masraf Al Rayan is recognised for its innovative approach and commitment to customer service, positioning itself as a trusted partner in the financial landscape. Notable achievements include its consistent ranking among the top Islamic banks in the region, reflecting its robust market position and dedication to excellence in financial services.
DitchCarbon Score
How does Masraf al Rayan's carbon action stack up? DitchCarbon scores companies based on their carbon action and commitment to reducing emissions. Read about our methodology to learn more.
Industry Average
Mean score of companies in the Financial Intermediation industry. Comparing a company's score to the industry average can give you a sense of how well the company is doing compared to its peers.
Industry Benchmark
Masraf al Rayan's score of 27 is higher than 75% of the industry. This can give you a sense of how well the company is doing compared to its peers.
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Masraf al Rayan's reported carbon emissions
In 2023, Masraf al Rayan reported total carbon emissions of approximately 357,786,000 kg CO2e. This figure includes emissions from Scope 1, Scope 2, and Scope 3 sources. Specifically, Scope 1 emissions, primarily from stationary combustion, accounted for about 3,793,000 kg CO2e. Scope 2 emissions, related to purchased electricity, were approximately 107,761,000 kg CO2e. The most significant contributor was Scope 3 emissions, particularly from business travel, which totalled around 246,232,000 kg CO2e. In comparison, the previous year, 2022, the bank's total emissions were about 128,248,000 kg CO2e, with Scope 2 emissions at approximately 65,749,000 kg CO2e and Scope 3 emissions at around 62,499,000 kg CO2e. This indicates a substantial increase in emissions from 2022 to 2023. Despite the increase in emissions, Masraf al Rayan has not publicly disclosed specific reduction targets or initiatives aimed at mitigating their carbon footprint. The absence of documented reduction strategies suggests a need for enhanced climate commitments within the organisation.
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| 2022 | 2023 | |
|---|---|---|
| Scope 1 | - | 0,000,000 |
| Scope 2 | 65,749,000 | 000,000,000 |
| Scope 3 | 62,499,000 | 000,000,000 |
Industry emissions intensity
Location emissions intensity
Reduction initiatives & disclosure networks
Companies disclose and commit to reducing emissions to show they are serious about reducing emissions impact over time. They can also help a company track its progress over time.
Masraf al Rayan is not participating in any of the initiatives that we track. This may change over time as the company engages with new initiatives or updates its commitments. DitchCarbon will update this information as it becomes available.
